DUBLIN, April 17, 2019 /PRNewswire/ -- The "Global Car-as-a-Service Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
The car-as-a-service market will register a CAGR of over 18% by 2023.
A wide range of vehicles with a single subscription package is driving the car-as-a-service market. Users are able to flip between different cars under a single subscription or rental plan. With their own terms and conditions, some subscription plans include long-time rentals allowing users to switch cars on daily, monthly, or weekly basis.
In addition, some plans are similar to leasing for a shorter duration offering convenience and comfort. Various OEMs and third-party dealers further offer a different type of cars within the subscription plans. This will further boost the car-as-a-service market growth in the forthcoming years.
Financial support by service providers to potential drivers
One of the growth drivers of the global car-as-a-service market is the financial support by service providers to potential drivers. Cab service providers are creating a financing program that offers flexible leases to potential drivers for purchasing a car.
The growing use of public transport
One of the challenges in the growth of the global car-as-a-service market is the growing use of public transport. The customers might not opt for CaaS such as ride-hailing due to the increasing public transportation facilities.
The market appears to be fragmented with the presence of several market players. With the growing demand for CaaS from various end-users, vendors are opting for M&A and strategic alliance to improve their market reach and customer base.
This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY TYPE
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/uo2efq
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